Question

I used the business turbo tax last year but this year I just want to use the basic turbo tax. How do I make the switch?

Forum|Forum|5 years ago
May 3, 2021
1 reply
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TurboTax Live Self Employed

Employee

The only way to downgrade your TurboTax product is by using the "Clear and Start Over" feature. Just know that all of the info in your return will be deleted. Additionally, you may first need to properly dispose of your Schedule C business first. If you have any assets that you are depreciating, you'll need to delete the Schedule C that transferred over into your 2020 return. See the instructions I'm linking below to delete that Schedule C.

How do I delete a prior-year Schedule C business that transferred over?

If you don't need to delete that Schedule C, you can use the instructions below to Clear and Start Over.

How do I clear and start over in TurboTax Online?

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***